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Shell Sells European Onshore Renewables Portfolio to TotalEnergies
The deals add 4 GW of assets and give TotalEnergies a 50% stake sale valued at €1.8 billion, the company said.
- TotalEnergies announced two major European transactions, acquiring Shell's onshore renewables business while selling a 50% stake in a 1.2 GW asset portfolio to KKR for an enterprise value of €1.8 billion.
- These agreements align with TotalEnergies' business model of selling 50% stakes in developed renewable assets, designed to optimize capital allocation while deploying its Integrated Power strategy across Europe.
- The Shell acquisition includes 500 MW of solar and wind assets in operation or construction, plus a 3.5 GW pipeline of solar, wind and battery storage projects in Italy, the Netherlands, the United Kingdom, and Spain.
- Under the KKR agreement, TotalEnergies will retain a 50% stake in assets across Germany, Spain, France and Poland, continuing to operate the facilities after the transaction completes in 2026.
- With more than 37 GW of gross renewable power generation capacity, TotalEnergies aims to reach a ROACE of 12% by 2030 through these strategic transactions.
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(Paris=Yonhap News) Correspondent Song Jin-won = French energy giant Total Energy is acquiring British Shell's entire onshore renewable energy portfolio in Europe.
·Seoul, Korea (the Republic of)
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Shell is going to sell all its onshore solar and wind farms in Europe to the French TotalEnergies. Both oil giants announced this on Monday morning…
·Amsterdam, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources48
Leaning Left7Leaning Right8Center10Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 28%
C 40%
R 32%
Factuality
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